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    External factors won’t influence India-China trade; both big economies: Consul General Qin Jie
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February 7, 2026
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India-China trade resilience urged; diplomat advocates revisiting Press Note 3 to enable greater bilateral investment and cooperation.
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February 7, 2026
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February 7, 2026
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Tether USDT hits record market cap while DeepSnitch AI presale nears $1.5M amid altcoin sell-off.
Tether's USDT reached a record $187.3 billion market capitalization as capital rotated into dollar-backed liquidity during post-liquidation volatility. Solana and BNB experienced notable short-term declines, and investor focus shifted to early-stage utility tokens such as DeepSnitch AI, whose Stage 5 presale neared $1.5 million, offers live AI trading agents, reported price appreciation from $0.01510 to $0.03830, and cites a tactical launch delay to extend holder access to tools.
February 7, 2026
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Wisely Ai deployed across operator network and handsets to block spam and scams in real time for 100 million users.
An AI-native anti-spam/anti-scam platform deployed across operator network and handset apps provides real-time content filtering, extends coverage to VoIP, detects malicious senders and CTAs, and makes millisecond automated decisions to block threats; operational metrics and claimed outcomes are reported. The announcement asserts privacy and security objectives but includes a forward-looking disclaimer that such prospective statements and third party data are subject to risks, uncertainties, and no warranty of completeness or ongoing accuracy.
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February 7, 2026
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India's used car market is concentrated in a few states, with South and West driving most 2025 transactions.
India's 2025 used car market shows pronounced state-level concentration, with South India contributing about 41.5 percent and West India about 34.2 percent of transactions; six states (Maharashtra, Karnataka, Gujarat, Uttar Pradesh, Tamil Nadu, Telangana) together account for a majority of volumes, reflecting structural shifts such as rising ownership, faster replacement cycles, and growing digital transaction acceptance.
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Uno Minda showcases EV and CNG aftermarket solutions and immersive AR product experiences at Automechanika Delhi 2026.
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February 7, 2026
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February 7, 2026
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US motorcycles gain zero-duty access under interim trade pact for 800-1,600 cc and higher-capacity models.
The interim trade agreement grants zero-duty access to US motorcycle makers for 800-1,600 cc and above models, effective on the agreement's implementation date; it also provides India duty concessions on specified US passenger cars (diesel 2,500 cc and above; petrol 3,000 cc and above) while the US removes reciprocal tariffs on certain auto parts and applies an 18% rate on other components.
February 7, 2026
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US removal of 25% tariffs on Indian goods tied to India's commitment to stop importing Russian oil.
The United States will remove an additional 25% duty on Indian goods contingent on India's commitment to stop direct or indirect imports of Russian oil, while a concurrent India-US trade pact aims to expand market access for American farmers and producers through negotiated tariff and market access measures.
February 7, 2026
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Chief minister Siddaramaiah will remain in office until the Congress high command decides otherwise on leadership.
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February 7, 2026
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India as trusted partner for growth through trade deals and diaspora-driven cultural and economic partnerships.
India is presented as a trusted partner for growth evidenced by recent trade agreements with multiple partners, with trust framed as a core economic asset. The Indian diaspora in Malaysia functions as a bridge for bilateral ties; cultural and educational initiatives such as the Thiruvalluvar Chair and proposed Thiruvalluvar Centre are highlighted. The India-Malaysia relationship is summarised by the acronym IMPACT, encompassing economic cooperation, people-to-people contact, tourism, and cultural diplomacy reinforced by leadership-level engagement.
February 7, 2026
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Boeing and Airbus sourcing from India benefit as interim trade agreement removes tariffs on certain aircraft parts.
An interim trade agreement removes tariffs on certain aircraft and aircraft parts, enabling reduced trade barriers and facilitating increased procurement of aerospace components from India by major US manufacturers.
February 7, 2026
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Promoters of 32nd Milestone project face plea seeking FIR, asset freeze, forensic audit and travel restrictions.
The petition accuses promoters of cheating, forgery, criminal conspiracy, diversion of funds and statutory noncompliance, alleging failure to remit TDS and GST, circulation of fabricated TDS certificates, cessation of promised lease rentals and possible multiple sales of units; it seeks FIR registration, freezing of bank accounts, asset attachment, a forensic audit, suspension of passports, issuance of look-out circulars and inquiry into promotional expenditures.
February 7, 2026
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Tata Elxsi faced shutdown or merger advice before a leadership-driven shift to service-led design restored profitability.
Tata Elxsi faced near-bankruptcy and suggestions to shut down or merge after failed hardware-centric strategies left it with unused capital equipment and mounting losses; leadership chose to rebuild the brand and shift to service-led design and technology offerings, expanded development capacity, and restored financial health until accumulated losses were eliminated and dividends resumed.
February 7, 2026
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India trade agreements boost market access for farmers, fishermen, MSMEs and entrepreneurs, opening opportunities in Kerala.
The interim India US trade agreement and the landmark India EU deal are said to expand US and EU market access, creating new opportunities for farmers, fishermen, MSMEs and young entrepreneurs; the statement ties these commercial openings to government policy and leadership and urges Kerala to adopt growth enabling governance to realise the agreements' economic potential.
February 7, 2026
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India-US interim trade agreement cuts tariffs to zero on aircraft parts, boosting aerospace supply chains and large-scale purchases.
The India-US interim trade framework reduces import duties to zero on various goods, including generic pharmaceuticals and aircraft parts, and includes an intent to purchase USD 500 billion of US energy products, aircraft and aircraft parts, precious metals, technology products, and coking coal over five years. Industry responses emphasise that tariff elimination will strengthen market access, deepen integration with US aerospace supply chains, improve cash flows, and enhance cost competitiveness for Indian suppliers, with Boeing endorsing a zero-for-zero tariff approach for aerospace and defence.
February 7, 2026
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Apples: India grants quota-based duty concession to US with MIP Rs80/kg and 25% duty to protect domestic growers.
India granted a quota-based duty concession on US apples under an interim trade pact while protecting domestic growers by imposing a minimum import price of Rs 80 per kg and a 25% import duty, effectively barring US apples priced below Rs 100 per kg; current rules impose a 50% duty and MIP Rs 50 per kg, effectively barring apples below Rs 75 per kg. The pact includes sectoral reciprocal zero tariffs for certain Indian agricultural goods and select industrial parts, with no concessions on dairy, sugar, or millets.

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End of Thackeray-era, BJP's Ritu Tawde set to become Mumbai mayor in unopposed contest

February 7, 2026

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Mumbai, Feb 7 (PTI) BJP's Ritu Tawde is all set to become the mayor of Mumbai and the party's first in four decades after Shiv Sena (UBT) decided against fielding a challenger, making the contest unopposed and ending the Thackeray family’s 25-year dominance over the richest civic body.

Though largely ceremonial, the mayor’s post carries enormous political and symbolic significance in Mumbai’s identity-driven politics. Tawde’s elevation marks the BJP’s return to the post after 44 years, the last being Prabhakar Pai in 1982–83.

On the final day of filing nominations, the Eknath Shinde-led Shiv Sena, a BJP ally in the ruling Mahayuti, named Sanjay Ghadi as its candidate for deputy mayor. The party announced that the deputy mayor’s term would be split, allowing four or more corporators to serve during the tenure.

Tawde's elevation means the Uddhav Thackeray-led Shiv Sena will not be able to occupy the mayor's post after 25 years. The undivided party controlled the BMC from 1997 to 2022.

The Mumbai mayoral election is scheduled for February 11, which is the last day to withdraw the nominations.

Tawde and Ghadi filed their nominations at the municipal secretary's office in the presence of Minister Mangal Prabhat Lodha, BJP's Mumbai unit chief Ameet Satam, former Shiv Sena MP Rahul Shewale, and other leaders of Mahayuti.

A senior BMC official told PTI that they have received just one nomination from BJP's Tawde for the mayor’s post and another from Ghadi for the deputy mayor's post before the 6 PM deadline for filing nominations.

Although opposition parties have not filed nominations, the Mayoral election process will be completed as per procedure on February 11.

According to a draw of lots by the Urban Development Department, the Mumbai mayor's post became reserved for a woman candidate from the open category.

Tawde, a corporator from suburban Ghatkopar, told media persons that a safer and developed Mumbai is her vision. She wanted to work for the citizens of Mumbai, which is a cosmopolitan city.

Uddhav Thackeray-led Shiv Sena (UBT) was expected to file a nomination against the BJP candidate, but decided against it after a meeting was convened at Thackeray's residence.

Former Mayor and Shiv Sena (UBT) leader in the BMC, Kishori Pednekar, described the development as a victory of Marathi manoos.

"The BJP had to accept that Marathi manoos is a Hindu. If the mayor of Mumbai is Marathi manoos, we won't do anything that amounts to a bad omen. Our victory in the elections was for Marathi manoos. We have accepted the arithmetic and will play the role of a strong opposition and fight for Mumbai," she said, adding that we are committed to whatever is good for Mumbai.

The Sena (UBT) had raised the emotive "Marathi identity" plank in last month's Brihanmumbai Municipal Corporation elections, where the party had allied with MNS. However, the BJP and Shiv Sena, led by Shinde, emerged victorious.

The BJP emerged as the single largest party in the 227-member BMC by bagging 89 seats, while Shiv Sena won 29 seats.

The ruling alliance, with a combined strength of 118 corporators, is well past the halfway mark of 114 and is well-placed to secure the posts of mayor and deputy mayor.

In the Opposition camp, the Sena (UBT) secured 65 seats, while its allies, the Maharashtra Navnirman Sena (MNS) and the Nationalist Congress Party (SP) won six and one seat, respectively.

Ritu Tawde, who was earlier with the Congress, joined the BJP in 2012 and was elected as a corporator the same year.

During her first term as a member of the BMC, she chaired the Education Committee and was actively involved in raising issues related to local infrastructure, water supply, and public safety.

The corporator from Ghatkopar East (ward 132) was in the limelight during her last tenure for raising the issue of objectionable clothes on mannequins in shops.

Ghadi, a Shiv Sena corporator from Ward number 5, will serve as deputy mayor for 15 months, party secretary Sanjay More said.

He had defected from Sena (UBT) to join the Eknath Shinde-led Shiv Sena.

Addressing a press conference earlier in the day, BJP's Satam said Mumbai is set to get a BJP mayor after 44 years.

BJP's Prabhakar Pai had served as the city mayor in 1982-83.

Satam said the ruling Mahayuti would work to free the BMC from the clutches of corruption.

"Everyone has the freedom to file nomination papers. We have the backing of 118 corporators and the support of more members," he said.

He said the Mahayuti had asserted from day one that Mumbai's mayor would be a Marathi and a Hindu, pointing out that the city will now get "a Marathi, Malvani, Konkani and Hindu mayor".

Satam said the Shiv Sena may have kept the deputy mayor's tenure for 15 months to give opportunities to more party workers.

Reacting to Tawde's nomination, the NCP (SP) said picking a Congress turncoat as the mayor of Mumbai was an insult to the BJP's loyal and experienced corporators.

NCP (SP) spokesperson and secretary Clyde Crasto said the decision has sent a wrong message to BJP workers, who toiled for years to strengthen the party at the grassroots level.

"By choosing a former Congresswoman as mayor, the BJP has insulted its own faithful and loyal corporators who have given their blood, sweat and tears for the party," he said in a statement.

In the January 15 Mumbai civic elections, the Congress won 24 seats, AIMIM eight, the NCP, led by the late Ajit Pawar, three, and the Samajwadi Party two. Two Independent candidates also won in the high-stakes election, held after a nine-year gap.

The BMC commissioner has been serving as the state government-appointed administrator since March 7, 2022, following the end of the previous term.

The BMC is the country's richest civic body, with its budget for the 2025-26 pegged at Rs 74,450 crore, which is higher than that of some smaller states. PTI KK PR MR ARU NP PTI KK PR MR ARU NP NSK

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